An officer of a large construction company shares why his company prefers subcontract bonds over SDI for managing subcontractor default risks.
Topic
Construction Risk Management, Risk Management & Insurance, Subcontractor Default Insurance (SDI)
Publish Date
November 18, 2024
Audience
Contractors
Resource Type
Article
Project Owners Beware – Don’t Eliminate Prime Bonds in Favor of Dual Obligee Status on Subcontract Bonds